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Is salary of factory manager a period cost?
Salary of factory manager is Manufacturing overhead. and Manufacturing overhead is Product costs. So, It's not period cost.
What challenges are faced by managers in the process of project cost control?
There are numerous challenges that are faced by managers in the process of project cost control. It is hard to ascertain the exact quantity and cost of the entire project and cost control becomes quite a task.
Are cost center managers (CCM's) usually at the group level?
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What are the strengths and shortcomings of a decentralised approach to training managers and hourly employees?
cost
What are examples of cost centers of organization?
a machine in the factory
Is salary of factory manager a period cost?
Salary of factory manager is Manufacturing overhead. and Manufacturing overhead is Product costs. So, It's not period cost.
What is manufacturing overhead?
cost incurred for manufacturing of good and services. It is also called Factory overheads. Example Factory rent,Factory workers salary,other cost which is incurred in factory to manufacture a Product
Are cafeteria costs for the factory a period cost?
No. They are a product cost/factory overhead cost
What is purpose of factory overhead applied and how this information can use by the cost accountant in minimum the cost of the product?
Factory overhead is what it costs to run the factory. The cost accountant can look at the cost of overhead to find ways to minimize it, resulting in the cost of the product being lower.
Why factory overhead cost is applied on production?
Factory overheads are incurred only and only due to production of the goods. That is why the factory overhead cost is applied to production.
Is depreciation of factory plant and equipment a factory overhead cost?
YES
Is Factory Overhead on income statement?
yes factory overhead is part of income statement and shown in cost of goods sold statement as a product cost.
Is manufacturing overhead same as manufacturing cost?
No. Cost would include the cost of materials. Overhead would not.
Is a manufacturing plant managers salary a direct labor cost?
Manufacturing plant manager is not directly related to manufacture of unit of product that's why it is not direct labor cost instead of that it is indirect cost and goes to overhead account
Is factory heating costs classified as a product cost or period cost?
Factory heating cost is overhead cost and part of product cost as if there is no production there is no factory heating requires.
The difference between variable factory overhead incurred and total standard variable factory overhead based on the actual quantity of the cost driver for applying the overhead is the?
cheatFAIL
Two categories of cost comprising conversion cost?
Direct labor and Factory overhead
